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Oct 9, 2012 4:00am PDT
recent shutdowns at refineries near los angeles. but senator dianne feinstein wants the federal trade commission to investigate possible price manipulation and collusion, saying, "california's consumers are all too familiar with energy price spikes which cannot be explained by market fundamentals, and which turn out years later to have been the result of malicious and manipulative trading activity." analysts say the gasoline situation in california is pretty much confined to that state. it is largely cut off from the pipeline network across much of the nation and vulnerable to disruptions in supply and price. nationwide, motorists are paying 35 cents more per gallon than a year ago. oil trader phil flynn of price futures group and a fox business news contributor joins us from cme group this morning. good morning phil. what's your prediction on oil prices during the next few weeks? > > down, down, down. gas prices down as well. i think our nightmare is really coming to an end. to be honest with you, you're talking about that as a national average. there's places in the country where p
Search Results 0 to 0 of about 1